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Yape review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Yape suits people in Peru who want a wallet for everyday payments and money sent home, not a multi-currency account. The monthly fee is PEN 0 and the currency conversion fee is 0%, so the cost is hard to argue with, but the offer is thin at 2 currencies.

Key facts

Best for
A free digital wallet for paying in Peru and receiving remittances instantly.
Monthly fee
PEN 0↗
Currency conversion fee
0%↗
Currencies
2↗
Transfer fee
Free (0) to send a Yape payment; remittance receiving also free↗
Support channels
Help-centre↗
Pricing model
No monthly fee
Features
Digital-only
Official website
yape.com.pe

Money transfer

Delivery time
Instant, credited directly to the Yape wallet↗
Payout methods
Wallet↗
Fee to send 1,000
PEN 0↗

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • Monthly fee of PEN 0 on the everyday account
  • Currency conversion fee of 0%, top of the multi-currency table
  • Sending a Yape payment and receiving a remittance are both free
  • Remittances are Instant, credited directly to the Yape wallet

Cons

  • Only 2 currencies, near the bottom of the multi-currency table
  • Payouts run to the wallet only, so money cannot be withdrawn to a bank account
  • Support runs on help centre only, with no phone or email line
Yape

Ready to try Yape?

Scored 9.1 / 10 by VaultCue.

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Who it suits

  • People living in Peru paying everyday bills from a phone
  • Family members abroad sending remittances to a Yape wallet
  • Anyone who wants to receive money without opening a bank account

Who should look elsewhere

  • PayPal Colombia or Skrill if you hold money in several currencies
  • eToro if you want a card account that pays out to a bank
  • Anyone who needs help by phone, since support runs on help centre only

Fees and currency costs

The everyday account carries a monthly fee of PEN 0. Sending a Yape payment is free, and so is receiving a remittance, which lands in the wallet Instant, credited directly to the Yape wallet. The currency conversion fee is 0%, which puts Yape at the top of the multi-currency table on cost. The trade-off is reach: only 2 currencies, and payouts run to the wallet, so the cheap side of the ledger comes with a narrow range of currencies and no cash-out.

How Yape compares

Where Yape is available

Available
Peru

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does a Yape account cost to keep?+

The monthly fee on the everyday account is PEN 0. Sending a Yape payment carries no charge, and receiving a remittance is free as well, so the everyday cost of running the wallet is close to nothing.

What does it cost to change currency in a Yape wallet?+

The currency conversion fee is 0%, which sits at the top of the multi-currency ranking. The catch is that Yape only holds 2 currencies, so a wider currency basket is not available here.

How fast is a remittance sent to a Yape wallet?+

Delivery is Instant, credited directly to the Yape wallet. The money appears in the wallet itself rather than on a bank account, and receiving it carries no fee.

Can I get my money out of a Yape wallet?+

Payouts run to the wallet, so the balance stays in the app. Yape is listed as a digital-only service, which fits paying and receiving rather than holding savings in a separate account.

How do I get help from Yape?+

Support runs on help centre. That means questions are answered through the help centre rather than on the phone or by email, which is worth weighing if you prefer to talk a problem through.

Who is Yape built for?+

It suits people in Peru paying everyday bills from a phone and relatives abroad sending money into the country. If you need a multi-currency account, PayPal Colombia or Skrill cover more currencies than the 2 Yape offers.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection.

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Yape

A free digital wallet for paying in Peru and receiving remittances instantly.

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